$17,529.77 Withdrawal “This Advice Will Save You a Huge Amount of Money”

We spoke with Onur about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

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Onur’s $70K High-Stakes Funded Account

Onur’s $80K High-Stakes Funded Account

Tell us a little bit about you.

Economics student at the moment in Turkey, Istanbul. Trying to thrive as a trader for 1 year + Aiming to make trading my only income throughout my lifetime.

How long have you been trading?

5 years since I started buying and selling stocks with very little money. 1 year since started trading seriously and trying to learn to be a professional trader.

Briefly describe your Trading Plan and how it contributes to your success.

I mostly look for traps and capitulation moves to counter them. It is a mix of ICT concepts and my own ideas. I mostly attribute my success to other things like lifestyle, stress management, and intuition rather than my plan.

Please share with us a challenge you faced in your trading career and how you overcame it.

Blew my personal accounts several times. It was a painful experience since I was losing money in dollars while earning in my local currency. Creating new capital was really hard because of currency differences. I took my time and devoted myself to learning. Never stopped trading even if I had 10 dollars to trade. Forward testing can’t be replaced, in my opinion.

How did you adjust risk management to your trading personality?

I use big lot size with small pips stop-losses usually. I enjoy it more when trades don’t take much time to play out. Whether win or lose, this trading style suits me perfectly. Other than that, I mostly look for the strong move of the day at EUR or GBP. It is always the same risk. Sometimes, I get out early if I think I have a high chance of getting stopped.

Describe a key moment in your trading career

The moment I realized it was not about the trading strategy or psychological tricks. It is about who you are as a person and how you live your life. When you are in a state in which you are healthy, focused, and extremely stress-resilient, it is really hard to lose money. This advice will save you a huge amount of money.

How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?

I would say 1 year. I really didn’t have any loser phase. I was mostly a break-even trader before. To become profitable, forward-testing really helped me a lot. I changed and transformed my strategy in real-time. While backtesting, you don’t experience the same conditions( stress, hesitation, greed, fear, etc.) as you experience them in a live trade. In the end, it is all about pattern recognition and your mental capital. When their combination passes a certain point, you will be making money.

What is your mental/psychological strength, and how did you develop it?

First, I believe a strong mind needs a strong body, which is a quote from Turkey’s founder, Ataturk. This really transformed my mental perspective. Most of the time, you can’t make yourself act in a certain way. Repeating the same words over and over to yourself probably won’t work. However, if you manage to transform other parts of your life, you will see that your level of stress will drastically come down. A proper diet and a proper exercise routine followed by a good sleep schedule will help any trader tremendously. I would argue that sleeping better will help you more than any trading course out there! Reading every psychological book about trading won’t do much good since they all will recommend different “tricks.” I would still recommend Mark Douglas’s work, though.

What was your strategy to successfully pass The5ers’ evaluation?

High-risk, precise, and high-win-rate trades. I prefer taking almost %2 risk per trade in the first phase. I lower my risk at phase 2 and lower it further in the funded phase. By high risk, I mean I risk a high percentage of my drawdown limit. The trades I take are high- win-rate which can be considered ” low-risk.”

How is trading for The5ers different from trading by yourself?

It solves one of the biggest problems for me: capital size. Since I am a college student, I can’t go and fund $100k into my account. However, if I have the necessary skill set, I can gain access to that amount of capital at a small price, which gets refunded to me if I pass the challenge.

What would you recommend to someone who is just starting with us?

I think 5ers is a really good firm. I had no slippage, payout, or any other issues with the company. They are really professional with the job they are doing. I would suggest that the trader should create a strategy and a plan to maximize their chance of scaling up. Scaling opportunities are really generous here. You shouldn’t aim for huge jackpots.

Please share online resources that were/are significant in your trading development

I would suggest ICT’s YouTube page. You don’t need to follow everything he says, but his strategy, which is based on liquidity is legit. I used most of his concepts and ideas in my trading, even if I changed most of them to adapt to my own style.

I would recommend Dr. Ray Peat’s work about nutrition. He sadly passed away. His work inspired me to change my diet and lifestyle. His work mostly revolves around living in a “stress-free” way. Who doesn’t want that, especially traders?

I am following Mike Mentzer’s High-intensity weight lifting program.

I read every Mark Douglas material out there. Watched everything he recorded. I highly recommend his work even if I sometimes disagree with him. His understanding of fundamentals is wonderful.

Would you like to share anything else with us?

I use only private accounts on social media. I would be happy to answer any questions at [email protected] if anyone has any.

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